As in a Proprietorship, Changes in Capital for a Partnership

question 11

Multiple Choice

As in a proprietorship, changes in capital for a partnership may result from three causes. Which one of the following is NOT a cause for change?

• A) additional investments by owner
• B) drawings
• C) allocating profit to the owner or owners
• D) collection of account receivable

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Definitions:

Factors

Variables or elements that contribute to or influence an outcome.

Nearest Whole

The process of rounding a number to the closest whole number.

Decimal Place

The position of a number to the right of the decimal point, indicating its fractional part, used to measure precision.

Aloud

To say something in a voice that can be clearly heard; not silently or in a whisper.